Power Sector Reform: Experiences from the Road

Most privatization-focused power sector reforms in developing countries have stalled, and some have been abandoned in all but name. The authors, with extensive experience in implementing such reform efforts, offer their thoughts on why there is so little to show for the expenditure of so much time, thought, and treasure. Their explanations range from inadequately planned transitions to the difficulty of changing entrenched mindsets among those who are asked to manage privatized utilities.